FG: AfCTA to Boost Africa’s Exports by $560bn

June 8, 2021 This Day Live 0 Comments

When fully operational, the African Continental Free Trade Area (AfCFTA) agreement will boost exports in the continent by at least $560 billion, the federal government has said.

Senior Special Assistant to the Nigerian President on the Public Sector and Secretary, National Action Committee on (AfCFTA-NG), Mr Francis Anatogu, stated this during the first African Local Content Roundtable Conference in Yenagoa, Bayelsa state.

According to him, benefits of the AfCTA include lifting 30 million Africans out of extreme poverty; boosting income of nearly 68 million others who live on less than $5.60 a day; boosting Africa’s income by $450 billion by 2035, a gain of seven percent and adding $76 billion to the income to the rest of the world. Read More.

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